Finance Select Equipment Finance Repayment Calculator Ver 1a Date Customer Name Details of Equipment Net Price 30,000.00 GST Payable 3,000.00 GST Free (Rego, CTP etc) 2,000.00 only required for accurate Lease Finance quote Purchase Price 35,000.00 including GST Deposit/Trade In 5,000.00 Finance Amount 30,000.00 paid to supplier by lender Brokerage % 3.00% Commission Split 80.00% Brokerage $ 900.00 Commission $ 720.00 Interest Rate 9.00% Effective Client Rate 10.01% Hire Purchase or Chattel Mortgage Term (months) 60 Monthly Balloon % 35.00% Instalment 475.45 Balloon 12,250.00 GST on instalment - In Advance GST on Balloon - Total Repayment 475.45 Total Balloon $ 12,250.00 Calculations to be used as a guide only. Lenders rates and terms can change at any time prior to settlement. Not an indication or advice of approval. Credit Criteria applies. 46d3cc2f-9f3c-4a19-ba49-4bca27b86e0a.xls Finance Select Structured Repayments Calculator (Chattel Mortgage & HP) Finance Amount $ 100,000.00 Ver 1a Term (months) 48 Balloon % 30.00% Balloon $ $ 30,000.00 Interest Rate % pa 9.00% Brokerage excl GST $ (max 4.00%) $ 2,500.00 2.50% Commission Split x 80.00% = $2,000.00 excl GST Pmts in Advance=1 Arrears=0 0 Unstructured Pmt (if no bulk reduction) $2,029.17 Bulk Repayment 9,000.00 Bulk Pay in Month No. 4 Structured Monthly Payment $ 1,856.64 Error Check: Nil (must = zero) 0.00 Structured Payments Schedule: Regular Instalments 3x 1,856.64 Bulk Repayment 1x 9,000.00 Regular Instalments 44 x 1,856.64 End Balloon 1x 30,000.00 Total Payable (structured) $ 126,262.08 Interest saving over unstrucured 1,138.08 Total Payable (unstructured) $ 127,400.16 Estimate only. Exact instalment depends on lender's calculation method. Once contract is funded, lump sum can't be changed. If not met on the due date, loan will be in default. Be aware that if relying on GST refund, unpaid taxes affect refund. 46d3cc2f-9 Finance Select Estimate of Chattel Mortgage Fees & Stamp Duty Finance Amount $ 90,000.00 REV's Registrable TRUE Aggregate Equipment Loan (Docs Registered) > $ 75,000.00 TRUE Private Sale FALSE Fees Calculator: Individual Company Document Fee 395.00 395.00 REV's Fee - - ASIC Registration Fee - 135.00 Document Lodgement Fee - 100.00 NSW Stamp Duty on $90,000.00 301.00 301.00 Duplicate Registration 2.00 4.00 Total Fees 698.00 935.00 To be used as a guide only. Fees charges can change at any time. 12/24/2010 Finance Select Personal Income Tax Calculator Y/E 30/6/2010 Yearly Monthly Weekly Taxable Income 60,000 5,000 1,154 Less Tax - 11,850 - 988 - 228 Less Medicare - 900 - 75 - 17 Total Tax & Medicare 12,750 1,063 245 Net Income 47,250 3,937 909 Medicare deducted at 1.5%, above $6,000 income but certain scales/exemptions apply This is not a substitute for Australian Tax Office calculations, but provides an estimate based on most common individual tax scale.
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